{"id":47,"date":"2025-06-20T19:29:10","date_gmt":"2025-06-20T19:29:10","guid":{"rendered":"https:\/\/www.europesays.com\/us\/47\/"},"modified":"2025-06-20T19:29:10","modified_gmt":"2025-06-20T19:29:10","slug":"how-billionaire-mark-walter-set-to-own-the-controlling-stake-in-lakers-made-his-fortune","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/47\/","title":{"rendered":"How billionaire Mark Walter, set to own the controlling stake in Lakers, made his fortune"},"content":{"rendered":"

The billionaire slated to take over the controlling interest in<\/a> the Los Angeles Lakers has built a career leading businesses investing in everything from sports franchises to artificial intelligence.<\/p>\n

Mark Walter is CEO of the global investment and advisory company Guggenheim Partners, which is estimated to have more than $325 billion in assets. He\u2019s also co-founder and CEO of holding company TWG Global.<\/p>\n

Forbes estimates Walter\u2019s net worth is $6.1 billion. The publication ranked him at No. 216 on its Forbes 400 list last year.<\/p>\n

Walter received an undergraduate degree in business administration from Creighton University and a law degree from Northwestern University, but ultimately chose business over a career in law. <\/p>\n

In the mid-1990s, he co-founded Liberty Hampshire, an investment management firm in Chicago. That business became part of Guggenheim Partners, which Walter co-founded in the late 1990s. <\/p>\n

In addition to Guggenheim, Walter co-founded TWG Global with entrepreneur and investor Thomas Tull. The company holds a portfolio of finance and insurance sector companies, including Guggenheim Investments, Guggenheim Securities, Group 1001 Insurance and Delaware Life. It also includes aerospace and defense technology company Shield AI.<\/p>\n

Last month, TWG Global announced a partnership with Palantir Technologies and Elon Musk\u2019s AI company, xAI, maker of Grok, aimed at developing artificial intelligence for use in the financial services industry.<\/p>\n

TWG Global<\/a> also includes investments in sports, media and entertainment franchises, such as the controlling interest in the Los Angeles Dodgers, Premier League club Chelsea, the Professional Women\u2019s Hockey League<\/a> and \u2014 through TWG Motorsports \u2014 ownership of several auto racing teams including Cadillac Formula 1.<\/a><\/p>\n

Beyond business, Walter and his wife, Kimbra, have founded or contributed to various philanthropic organizations, including the Los Angeles Dodgers Foundation, the Academy Group, Chicago Beyond and OneGoal.<\/p>\n","protected":false},"excerpt":{"rendered":"The billionaire slated to take over the controlling interest in the Los Angeles Lakers has built a career…\n","protected":false},"author":3,"featured_media":48,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[64,66,60,57,51,59,65,63,56,50,58,62,52,61],"class_list":{"0":"post-47","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-business","9":"tag-elon-musk","10":"tag-financial-services","11":"tag-general-news","12":"tag-headlines","13":"tag-inc","14":"tag-information-technology","15":"tag-jobs-and-careers","16":"tag-mark-walter","17":"tag-news","18":"tag-palantir-technologies","19":"tag-sports","20":"tag-top-stories","21":"tag-u-s-news"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114717351161312865","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/47","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=47"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/47\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/48"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=47"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=47"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=47"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}